North Carolina Municipal Bond

North Carolina Municipal Bond Funds and ETFs invest in debt obligations issued... North Carolina Municipal Bond Funds and ETFs invest in debt obligations issued by a local government or entity in the state of North Carolina. These funds include revenue bonds and general obligation bonds with various maturity dates. Revenue bonds are linked to projects, while general obligation bonds are repaid from general government finances. North Carolina has issued around $47 billion of municipal bonds, putting it in the middle of states by issuance. There are significant amounts of bonds issued for the University of North Carolina, as well as the North Carolina Turnpike Tri-way System. There are 100 counties in North Carolina. Voters typically must approval county and school district bond issuance. The state of North Carolina also issues general obligation bonds to fund its operations. Investors buy municipal bonds because they can benefit from attractive after-tax yields. Generally speaking, municipal bonds are exempt from federal tax, and also exempt from state tax if purchased by an in-state resident. Last Updated: 12/27/2024 View more View less

North Carolina Municipal Bond Funds and ETFs invest in debt obligations issued by a local government or entity in the state of North Carolina. These funds include revenue bonds and general obligation bonds... North Carolina Municipal Bond Funds and ETFs invest in debt obligations issued by a local government or entity in the state of North Carolina. These funds include revenue bonds and general obligation bonds with various maturity dates. Revenue bonds are linked to projects, while general obligation bonds are repaid from general government finances. North Carolina has issued around $47 billion of municipal bonds, putting it in the middle of states by issuance. There are significant amounts of bonds issued for the University of North Carolina, as well as the North Carolina Turnpike Tri-way System. There are 100 counties in North Carolina. Voters typically must approval county and school district bond issuance. The state of North Carolina also issues general obligation bonds to fund its operations. Investors buy municipal bonds because they can benefit from attractive after-tax yields. Generally speaking, municipal bonds are exempt from federal tax, and also exempt from state tax if purchased by an in-state resident. Last Updated: 12/27/2024 View more View less